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Tips for Canadian and Foreign Appraisers Completing IRS Charitable Donation Appraisals Thursday, December 9, 2021 in Business Tips

In the United States, the Internal Revenue Service (IRS) updated their rules for charitable donation appraisals for 2019. IRS charitable donation appraisals must have a Taxpayer Identification Number (TIN). Chances are if you are a Canadian or foreign appraiser, you don't have one. Here is everything you need to know about TINs and how to make a "qualified appraisal."

Ask an Instructor: What Does Appraised Value Support Mean and Where Is It Applied? Wednesday, November 17, 2021 in Ask an Instructor

Question: I’m taking the Core Course in Appraisal Studies, and Lesson 21 discusses the IRS Preferred Appraisal Format for Works of Art Valued over $50,000. What does the IRS mean by "appraised value support"? Does this format only apply to Fine Art?

Car Appraisals for the Generalist Wednesday, November 17, 2021 in Education

As a generalist appraiser preparing appraisals for estate functions or dissolution of marriage, you will eventually encounter a client asking you to include an automobile in your report. Should you oblige? Are you qualified to appraise a car, pick-up truck, or even a motorcycle?

Embracing the Virtual Learning Environment Monday, August 23, 2021 in Education

Last year or so, when life was normal or considered normal, I would never think of meeting a client, fellow appraisers, attending a conference, or taking a class online only. But life as we knew it has forever changed. Amazingly so, to my surprise, I have begun to embrace this way of doing everyday business.

Tips for Determining Scrap and/or Salvage Value Monday, July 26, 2021 in News, Education

An easy way to distinguish between scrap and salvage is that scrap is generally used for metals. Salvage is generally used for everything else, including fine art. I will first discuss salvage value, including where an appraiser might look for comparable sales, and then move on to how an appraiser might calculate scrap value.

Ask an Instructor: Determining the Actual Cash Value (ACV) of Your Property Monday, July 26, 2021 in Ask an Instructor

Question: I have been asked by an insurance company to provide the actual cash value (ACV) on a painting by a famous 19th-century artist. I don’t understand how to determine ACV for this type of painting. Can you help me?

Observing Future Trends - Furniture and Decorative Arts Monday, June 21, 2021 in News

As a generalist, I constantly read, listen, and observe auction values and retail prices in the furniture and decorative art markets. Auction houses and bidding platforms publish articles and blogs almost daily describing their thoughts and forecasts for values in the fine art market. However, I often cannot find observations about future trends and market outlooks in the areas of furniture and decorative arts.

Congratulating ISA’s 2021 Award Winners Tuesday, May 25, 2021 in News

This year, ISA honored our much-deserving 2021 award recipients at a virtual awards program on May 14. Please join us in congratulating the individuals below for their significant contributions and service to you and ISA.

How to Become a Connoisseur Tuesday, May 18, 2021 in Education

To become a connoisseur, curiosity is required. One must dedicate time and energy to asking questions, train her/his eyes to observe detail, and learn to compare and contrast objects so as to build up the experience necessary to make decisions about quality.

Ask an Instructor: Tips on Finding Parallel Artists Tuesday, May 18, 2021 in Ask an Instructor

Question: Help! I’m appraising artwork for estate tax purposes. The artist is not returning my calls. He is his own market. He has no past or current gallery representation, and he has no auction sale results. I know that I’m supposed to look for a parallel artist to determine fair market value when there are no comparables. Do you have any tips on finding parallel artists?

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